2019 Class Announced at IFA Convention in Las Vegas (LAS VEGAS, FEB. 26) – The Institute for Certified Franchise Executives (ICFE) today announced a new class of 212 Certified Franchise Executives, or CFEs. The CFE designation certifies the highest standards of quality training and education in franchise executives.
Full Answer
How many members does the International Franchise Association have?
IFA is a membership organization representing over 1,400 franchise brands and their franchisees and 600 supporting suppliers.
What is a franchise executive?
An Executive Franchise Explained An executive franchise is primarily business to business in nature. Depending on the business model this will mean that your role as a franchisee will see you facing up to senior business decision makers, looking to get them to sign up to your services.
What is a CFE in franchising?
The mission of the Certified Franchise Executive™ (CFE) program is to certify and educate individuals and organizations to the highest standards. We are a leading resource to help franchise executives, managers and small business owners accelerate individual and organizational growth.
What is a franchise certificate?
Certificate of franchise authority means the certificate issued by the board authorizing the construction and operation of a cable system or video service provider's network in a public right-of-way.
What is a franchise owner called?
A franchisee is a small-business owner who operates a franchise. The franchisee pays a fee to the franchisor for the right to use the business's already-established success, trademarks, and proprietary knowledge.
What is the most profitable franchise to get into?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What is CFE designation?
Certified fraud examiners discover and prevent fraudulent activity. The CFE certification signifies expertise, knowledge, and professionalism in high-stakes accounting.
What are the legal requirements for a franchise?
Let's take a closer look at the franchise law issues you need to understand before you get up and running.Intellectual property. ... Misrepresentation. ... Competition law. ... Restraint of trade. ... Anti-bribery. ... Data protection. ... Trading schemes.
What are the franchisee qualifications?
6 Franchise QualificationsCapital to start a business. Put in mind that the crucial stage in operating a franchise is on the first 12 months. ... Your net worth. This has something to do with supporting your startup costs. ... A business plan. ... Administrative skills. ... Work experience. ... A hands-on accountant.
What paperwork is needed to start a franchise?
Legal Documents Needed to Start a Franchise The two primary legal documents are the franchise agreement and the franchise disclosure document (FDD). Along with legal documents, the franchisor also provides operating manuals, training programs, marketing initiatives, and other related documents.
What are the requirements of franchise?
Some franchise requirements to take into consideration may include:Credit score. Minimum credit scores vary by franchisor, but most consider a grade of 680 or higher as ideal.Net worth. ... Available cash. ... Previous industry experience. ... Management experience. ... Total investment required. ... Ongoing costs. ... Training and support.
What is a CFE in franchising?
Industry Recognition: A symbol of leadership and accomplishment, the CFE designation is highly regarded by the franchising community. Peer Networking: The CFE Program, along with other IFA events, creates an energized environment for networking with industry professionals, sharing ideas and best practices – everyone benefits. Professional Standing: The CFE designation brings a highly professional level to communications and contacts. The certification shows years of experience and a commitment to continuing education to meet today’s challenges. Commitment to Franchising: The CFE designation exemplifies a commitment and passion toward franchising and the franchising community. The CFE program provides needed information, direction, and guidance for the newest entrants into franchising or even those with decades of experience. You are never too young, too old, or too experienced to not benefit from being a CFE.
What is the mission of the Institute of Certified Franchise Executives?
The mission of the Institute of Certified Franchise Executives (ICFE) is to certify and educate individuals & organizations to the highest standards. We will:
How often do you get CFE credits?
every three years following the year in which they are first certified . CFE credits may be accumulated as follows:
How much does a non member CFE cost?
Non-member:$875 This fee covers the administrative cost of enrolling you as a candidate in the CFE program for a three-year period from the date of application.
How much does a CFE student have to pay for each course?
In such cases, if the request is approved, the CFE candidate must pay an additional $200 fee for each course that is approved for CFE credits.
How many credits are required for CFE?
Please note:All CFE candidates must complete the online ICFE Final Exam and the IFA FRAN- GUARD™ program as part of the required 2500 education credits. A maximum of 1500 education credits from online courses and webinars is permitted. Candidates must earn the remaining required education credits by attending onsite programs.
What is ICFE certification?
The Institute for Certified Franchise Executives (ICFE) offers a wide range of continuing education programs for professional development culminating in the Certified Franchise Executives (CFE) designation. Our mission is to enhance the professionalism of franchising by certifying the highest standards of quality training and education.